Dwindling economy: NACCIMA urges businessmen to remain positive
As the economic downturn continues to weigh heavily on businesses across the country, the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, has called on business operators to shun discouragement and remain positive in their endeavours.
National President of NACCIMA, Dr. Bassey Edem, who gave the charge at the 1st Quarter Council Meeting of the organisation in Abuja, expressed belief that the economy would bounce back as government formulates and implements sound policies.
Edem stressed the need for government and private sector operators to explore the huge human and natural resources available in the country to diversify the economy in the face of falling oil prices.
He enjoined members of NACCIMA to ensure continuous partnership with government and stakeholders with genuine intentions to develop the economy and build a virile nation, adding that the group will continue to make its position known to government until the environment for doing business in the country becomes conducive to attract more foreign and local investors.
Also speaking, the FCT Minister, Alhaji Muhammad Bello, represented by the Managing Director of Abuja Investment Company, Dr. Musa Ahmed, said the administration was operating an open door policy to all businesses in Abuja.
Bello noted that the FCTA has provided incentives to Abuja businesses in the form of land allocations, waiving of land premiums to serious investors as well as liaising with government agencies such as the Nigerian Export Promotion Council for the ease of doing business in the territory.
The Minister dispelled claims of multiple taxations on businesses in the FCT, stating that FCT does not have a separate tax system apart from the one being implemented by the Federal Government.
He disclosed that the administration was still in the process of setting up a Board of Inland Revenue in the FCT and said some taxes being charged by area councils in Abuja were not approved.
Meanwhile, the Abuja Chambers of Commerce, ACCI, has given awards of excellence to the Dangote Group of Companies, Airtel Nigeria and the Nigeria Liquefied Natural Gas Limited, NLNG.
Speaking during the award ceremony in Abuja, the president of ACCI, Mr. Tony Ejinkeonye called on the government to quickly make the right decision and policies to reverse the harsh economic climate in the country.
Ejinkeonye noted that to build a dream nation where the youth would easily find jobs and inspired entrepreneurs find prosperity, the culture of excellence must be made the pivot on which businesses rotate.
The chamber awarded Airtel the most innovative business idea of the year 2016, while Dangote received the outstanding company of the year award and NLNG received the corporate social responsibility company award.